loans are available for up to $5000

Applicants may apply for loans up to $5000 interest free.

Loans are available for life's "ups and downs"

e.g. camp or school tuition, Israel experience, car repair, medical expense, housing assistance, etc. Loans should be made for a worthwhile or legitimate purpose.

Borrowers are required to provide a Guarantor/Co-signer for loan

A spouse is a co-borrower but does not satisfy the requirement for a co-signer.

1 co-signer for loans up to $2500; 2 co-signers for loans up to $2501-$5000

Two co-singers on loans over $2501 cannot be married to each other.

Proof of employment/income sources(s)

Borrower and co-singer are required to provide proof of employment/income sources(s).

Subject to secure credit check

Borrower and co-signer are both subject to secure credit check run by the Jewish Federation.

An in-person interview with Loan Committee

An in-person interview with Loan Committee must be conducted in timely fashion as part of the approval process.

Confidential

Loan process & application materials are kept confidential.

Loans are to be re-paid by Borrower over time frame determined by loan committee, not to exceed 36 months.

Loan repayment shall be made by automatic debit/credit charge of ACH (automatic withdrawals from checking or savings account).

Failure to make timely payments may result in full payment being required before the next scheduled payment date.

Co-singer will be required to repay the loan if Borrower fails to do so.